vice presidential candidate paul ryan tells abc news that there are other ways of getting more revenue into our government without damaging the economy. that is the kind of thing that we are hoping to achieve. he is the head of the house budget committee. i am joined now by senior foreign affairs correspondent wendell. taxes are still really the main sticking point. despite this ticking tock of the fiscal cliff, right? reporter: the president's aides say that he will not extend the bush administration upper income tax cuts. voters made clear that they support that by reelecting him. republicans say raising taxes on the top 2% of the country would cost jobs. mr. obama says that the only way that is fair to reduce the deficit. >> it is clear that in other forms, one thing we know about this primarily, is that they were affected. not just and ensuring that the wealthiest pay their share, but as part of an approach, that fuels economic expansion, job creation, and wealth creation. reporter: the white house and congress have until the end of the year to come out with a deficit reduction pla